“This positive change will foster ease of doing business in India. It will encourage international brands to look at India seriously as they will now find it easier to set up operations in the country. In addition, the tweaks in the sourcing norms will make it viable for them to comply with the regulations.”

Dhanraj Bhagat
Partner, Grant Thornton India LLP

This article appeared in The Hindu Business Line on 10th January, 2018.